RI S2674

Authorizes Providence to issue up to $25,000,000 in general obligation bonds and notes to fund the Providence Housing Trust Fund for affordable multi-family housing projects

Bonds may be issued as serial bonds, term bonds, zero coupon bonds, or capital appreciation bonds with maturities between 5 and 30 years from issuance date

Debt is excluded from the city's statutory debt limit calculations and the city must annually appropriate funds to cover principal and interest payments

Requires voter approval at the November 3, 2026 general election before bonding authority takes effect

City council may extinguish any unused bonding authority by resolution 7 years after the act's effective date